Contributed by NAMPA / Associated Press.
Siemens profit falls on severance, tax costs; dividend up<
Eds: Adds earnings detail, background.<
By DAVID McHUGH<
AP Business Writer<
FRANKFURT, Germany (AP) - Industrial equipment and technology company Siemens AG says net profit fell 46 percent in the most recent quarter as the company had expenses for severance and higher tax costs.
Net profit decreased to 681 million euros ($777 million) from 1.25 billion euros in the year-earlier quarter. Revenue rose 2 percent to 22.6 b ...